At the time of closing, Sensex was at 83,739.75, up by 2072 points or 2.5 per cent, while Nifty was at 25,727, up by 639 points or 2.5 per cent. In terms of sectors, all the major indices traded in the green.
The domestic equity markets opened with a historic rally on Tuesday, surging sharply in early trade, supported by upbeat global cues following the announcement of a key India-US trade deal.
Indian stock markets opened on a strong note on Thursday as investors welcomed the U.S. Federal Reserve's decision to cut interest rates by 25 basis points.
The rally returned to Indian equity markets on Thursday as the government's move to rationalize Goods and Services Tax (GST) rates boosted investor sentiment.
The BSE Sensex surged 1,046.30 points to settle at 82,408.17, while the NSE Nifty jumped 319.15 points, ending the day at 25,112.40. Among the Nifty 50 constituents, 44 stocks ended in the green, with only 6 closing in the red, indicating broad-based market strength.
Indian stock markets witnessed a turnaround on Thursday after a negative start in the morning session. The markets surged around 1 per cent by mid-session due to a strong domestic structural story and FPI buying.
Indian stock markets opened on a strong note on Tuesday, tracking positive global cues after former U.S. President Donald Trump decided to pause tariff imposition for a month. Investors reacted positively to the development, leading to gains across major indices.